Countries
Monaco
Key Economic Indicators
<strong>note:</strong> data in 2015 dollars
<strong>note:</strong> data in 2015 dollars
8.51%
0.5% (2020 est.)
$10.434 billion (2024 est.)
Economic Overview
high-income European economy; non-EU euro user; considered a tax haven; tourism and banking are largest sectors; negatively impacted by COVID-19; major oceanographic museum; among most expensive real estate; major state-owned enterprises
All Economic Data
Agricultural products
none
Currency
code:
EUR
name:
euro (EUR) [€]
Exchange rates
Currency:
euros (EUR) per US dollar -
Exchange rates 2020:
0.876 (2020 est.)
Exchange rates 2021:
0.845 (2021 est.)
Exchange rates 2022:
0.95 (2022 est.)
Exchange rates 2023:
0.925 (2023 est.)
Exchange rates 2024:
0.924 (2024 est.)
Note:
<strong>note: </strong>while not an EU member state, Monaco, due to its preexisting monetary and banking agreements with France, has a 1998 monetary agreement with the EU to produce limited euro coinage—but not banknotes—that began enforcement in January 2002 and superseded by a new EU agreement in 2012
Exports - commodities
jewelry, perfumes, watches, packaged medicines, cars (2021)
note:
top five export commodities based on value in dollars
Exports - partners
<p>Italy, Switzerland, Germany, Belgium, Spain</p> (2021)
GDP - composition, by sector of origin
Industry:
11.5% (2023 est.)
Note:
<strong>note:</strong> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
88.5% (2023 est.)
GDP (official exchange rate)
$10.434 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$288,001
Imports - commodities
jewelry, cars and vehicle parts, recreational boats, plastic products, artwork (2021)
Imports - partners
Italy, Switzerland, United Kingdom, Germany, China (2021)
Industries
banking, insurance, tourism, construction, small-scale industrial and consumer products
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2020:
0.5% (2020 est.)
Inflation rate (consumer prices) 2021:
2.1% (2021 est.)
Inflation rate (consumer prices) 2022:
5.9% (2022 est.)
Note:
<strong>note:</strong> annual % change based on consumer prices
Real GDP (purchasing power parity)
Note:
<strong>note:</strong> data in 2015 dollars
Real GDP (purchasing power parity) 2022:
$8.329 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$8.749 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$8.924 billion (2024 est.)
Real GDP growth rate
8.51%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2021:
22.2% (2021 est.)
Real GDP growth rate 2022:
11% (2022 est.)
Real GDP growth rate 2023:
5% (2023 est.)
Real GDP per capita
Note:
<strong>note:</strong> data in 2015 dollars
Real GDP per capita 2022:
$226,100 (2022 est.)
Real GDP per capita 2023:
$256,600 (2023 est.)
Real GDP per capita 2024:
$270,100 (2024 est.)
World Bank Indicators
Currency
Mongolian tgrg (MNT) (2025)
Gini Index
32.70 (2018)
Languages
Mongolian (2025)
Economic Rankings
GDP per Capita
#1
GDP Growth Rate
#2
Inflation Rate
#145
GDP (Nominal)
#150
GDP (PPP)
#162
Quick Facts
Industries
banking, insurance, tourism, construction, small-scale industrial and consumer products
Agricultural products
none
Exports - partners
<p>Italy, Switzerland, Germany, Belgium, Spain</p> (2021)
Imports - partners
Italy, Switzerland, United Kingdom, Germany, China (2021)
Exchange rates
euros (EUR) per US dollar -
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